The Phnom Penh Post
Wednesday, 20 January 2010 15:00 Nguon Sovan
FOREIGN reserves increased 25.2 percent to US$2.6 billion in 2009, from $2.07 billion in 2008, according to Monday’s central bank annual report. The reserves now held could fund four months of imports into the Kingdom, it added. According to an International Monetary Fund (IMF) report released in December, gross official reserves were thought to have stayed broadly stable in 2009, compared to 2008. But the IMF predicted reserves would fall modestly in 2010, as loose fiscal policy and a widening current account deficit more than offset both official and foreign direct investment flows.
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